Charles Schwab Investment Management Inc. Sells 10,077 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Charles Schwab Investment Management Inc. lessened its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 341,736 shares of the company’s stock after selling 10,077 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Super Micro Computer were worth $142,299,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its position in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in Super Micro Computer in the second quarter valued at about $25,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares in the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Super Micro Computer during the second quarter worth about $42,000. Finally, First PREMIER Bank lifted its holdings in shares of Super Micro Computer by 126.1% during the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $33.15 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The firm has a market capitalization of $18.54 billion, a P/E ratio of 16.66 and a beta of 1.28. The company’s 50 day moving average price is $38.23 and its two-hundred day moving average price is $60.66.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SMCI shares. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target for the company. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Barclays lowered their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.